香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 Lenovo Group Limited 聯想集團有限公司 (於香港註冊成立之有限公司) (股份代號：992) 二零二二 / 二三年財政年度全年業績公佈 全年業績 聯想集團有限公司 (「本公司」) 董事會 (「董事會」) 在此宣佈，本公司及其附屬公司 (「本集團」) 截至二零二三年三月三十一日止年度經審核業績及去年的比較數字如下： 財務摘要 • 儘管持續的宏觀不利因素影響對設備的需求，基礎設施方案業務集團和方案服務業務集團的收入和經營溢利均創歷史新 高；非個人電腦業務的收入增長7%，帶動集團毛利率及經營溢利率創下自2006財政年度以來的歷史新高 • 得益於以服務為主導的轉型成功，增加市場滲透率和把握「即服務」、混合雲及環境、社會和管治（「ESG」）所帶來的 新機遇，方案服務業務集團的收入及經營溢利分別增長22% 及16%；方案服務業務集團的高盈利能力繼續提升集團的利潤 率 • 基礎設施方案業務集團的收入 ...

Revenue and Profit Performance - Revenue for the third quarter decreased by 24% year-over-year to $15.267 billion, with currency exchange contributing a 6% negative impact[3][5] - For the nine months ended December 31, 2022, the company reported total revenue of $49.312 billion, a 10% YoY decrease, with net profit attributable to equity holders at $1.494 billion, down 8% YoY[16] - Q3 2022/23 revenue was $15.27 billion, a 24% decrease YoY, with a gross margin of 17.1%, up 0.4 percentage points[22] - Net profit attributable to equity holders in Q3 2022/23 was $437 million, a 32% decrease YoY, with basic and diluted earnings per share at 3.65 cents and 3.44 cents, respectively[22] - Total revenue for the nine months ended December 31, 2022, was $49.31 billion, with a pre-tax profit of $2.01 billion, down from $2.25 billion in the same period last year[21] - Revenue from the Intelligent Devices Group decreased to $39.58 billion, a 16.9% decline compared to $47.61 billion in the previous year[50] - Operating profit for the Intelligent Devices Group dropped to $2.94 billion, down 18.7% from $3.61 billion in the prior year[50] - Infrastructure Solutions Group revenue increased by 31.8% to $7.56 billion, up from $5.73 billion[50] - Solutions and Services Group revenue grew by 23.9% to $5.01 billion, compared to $4.05 billion in the previous year[50] - Total revenue for the nine months ended December 31, 2022, was $49.31 billion, a 10.2% decrease from $54.92 billion in the same period last year[50] - Revenue from China declined by 15.7% to $12.42 billion, down from $14.74 billion[51] - Americas revenue decreased by 3.9% to $16.80 billion, compared to $17.48 billion in the previous year[51] - The company's revenue for the three months ended December 31, 2022, was $15.266 billion, with a gross profit of $2.612 billion and an operating profit of $749.956 million[40] - The company's revenue for the nine months ended December 31, 2022, was $49.311 billion, with a gross profit of $8.357 billion and an operating profit of $2.378 billion[40] - The company's net profit for the three months ended December 31, 2022, was $481.943 million, with earnings per share of 3.65 cents (basic) and 3.44 cents (diluted)[40] - The company's net profit for the nine months ended December 31, 2022, was $1.575 billion, with earnings per share of 12.57 cents (basic) and 11.68 cents (diluted)[40] - Net profit for the three months ended December 31, 2022, was $481.943 million, compared to $681.708 million for the same period in 2021[41] - Total comprehensive income for the nine months ended December 31, 2022, was $716.664 million, compared to $1.700405 billion for the same period in 2021[41] - The company's profit attributable to equity holders for the three months ended December 31, 2022, was $437.201 million, and $1.494 billion for the nine months ended December 31, 2022[61] Business Group Performance - Non-PC business accounted for 41% of the group's total revenue, with the Solutions and Services Group (SSG) and Infrastructure Solutions Group (ISG) achieving record revenues[3][5] - SSG revenue and operating profit grew by 23% and 12% respectively, driven by service-led transformation and growth opportunities in "as-a-service," hybrid cloud, and ESG[3] - ISG revenue increased by 48%, with profit surging 156%, supported by a growing customer base, product portfolio, and ODM+ business model[3] - Intelligent Devices Group (IDG) sales declined by 34% due to weak market demand, but maintained industry leadership in market share and profitability[3][5] - Smart Devices Business Group revenue and operating profit decreased by 34% and 37% respectively, with PC shipments slowing to pre-pandemic levels due to reduced demand and channel inventory surplus[7] - Smart Devices Business Group maintained a global market share of 23% by shipment volume, leading in three out of four major regional markets in the PC sector[7] - Infrastructure Solutions Business Group revenue grew 48% YoY to a record $2.9 billion, with operating profit surging over 150% to $43 million[8] - Infrastructure Solutions Business Group achieved high double-digit growth in server sales and more than doubled storage revenue YoY[8] - Solutions and Services Business Group revenue and operating profit increased by 23% and 12% respectively to $1.8 billion and $370 million, with an operating margin of 20.2%[9] - Solutions and Services Business Group's maintenance services revenue nearly doubled YoY, while project and solution services revenue grew by 7%[9] - In the Americas, Infrastructure Solutions Business Group revenue grew 1.5 times YoY, while Solutions and Services Business Group maintained stable growth with high penetration rates[10] - In China and Asia Pacific (excluding China), Solutions and Services Business Group revenue grew by high double digits and nearly 50% respectively[10] - In Europe-Middle East-Africa, Solutions and Services Business Group achieved double-digit YoY growth through expanded delivery footprint and product differentiation[11] - Infrastructure Solutions Business Group has established industry-leading end-to-end infrastructure solutions, expanding to include full-stack products such as servers, storage, and software, targeting growth opportunities in AI-driven edge, hybrid cloud, HPC, and telecom/communication solutions[13] - The company's ODM+ business model in cloud service IT infrastructure aims to meet the growing demand for vertically integrated supply chains, balancing general-purpose and customized products to enhance revenue and profitability[13] - Global economic challenges and market demand shifts have increased the need for high-end, TruScale as-a-service, sustainability, and vertical solutions, with a focus on asset lifecycle management and outsourcing services[13] - Smart Devices Business Group revenue was $39.58 billion with an operating profit of $2.94 billion, while Infrastructure Solutions Business Group revenue was $7.56 billion with an operating profit of $90.59 million[21] - Intelligent Devices Group revenue decreased to $11.585682 billion from $17.609684 billion, with operating profit dropping to $848.052 million from $1.351744 billion[26] - Infrastructure Solutions Group revenue increased to $2.855147 billion from $1.928783 billion, with operating profit rising to $43.276 million from $16.884 million[26] - Total revenue decreased to $16.277264 billion from $21.036088 billion, with total operating profit dropping to $1.261781 billion from $1.70078 billion[26] - LPS contributed $219 million in revenue and $22 million in pre-tax profit to the company's performance for the nine months ended December 31, 2022[93] Financial Position and Cash Flow - Net cash increased by $500 million year-over-year to $581 million, with the cash conversion cycle shortened by 13 days[3][5] - Inventory decreased by over $900 million both quarter-over-quarter and year-over-year, reflecting optimized operations[5] - Operating expenses decreased by 11% YoY, driven by a $610 million reduction in employee benefits and a $116 million decrease in advertising and promotional expenses[18] - The company recorded a strategic investment fair value gain of $115 million, reflecting changes in the value of its investment portfolio[18] - R&D expenses increased to $1.645 billion for the nine months ended December 31, 2022, up from $1.497 billion in the same period last year[17] - The company's gross margin improved by 0.2 percentage points to 16.9%, despite a 9% YoY decline in gross profit to $8.358 billion[16] - Financial expenses increased by 65% YoY due to factoring costs, higher market interest rates, and interest on issued notes and convertible bonds, with factoring costs rising by $138 million, bank loan and overdraft interest by $25 million, and note interest by $22 million[20] - Operating expenses in Q3 2022/23 decreased by 23% YoY to $1.86 billion, driven by reductions in employee benefits, advertising, and net exchange losses[23] - Employee benefit costs decreased by $286 million due to lower performance bonuses and sales commissions[23] - Advertising and promotional expenses decreased by $92 million due to budget control and cost-saving strategies[23] - Net exchange losses decreased by $34 million due to currency fluctuations[23] - Property, plant, and equipment depreciation increased to $49.693 million from $42.658 million year-over-year[24] - Employee benefit costs decreased to $949.977 million from $1.23597 billion, with long-term incentive plan costs dropping to $84.83 million from $94.003 million[24] - Advertising and promotional expenses decreased to $229.641 million from $321.343 million[24] - R&D-related laboratory testing, services, and supplies costs decreased to $101.735 million from $165.793 million[24] - Financial expenses increased to $184.809 million from $90.997 million due to higher factoring costs, bank loan interest, and note interest[24] - Headquarter and corporate expenses decreased to $254.39 million from $484.649 million, primarily due to reduced employee benefit costs and lower net exchange losses[26] - Adjusted profit excludes fair value changes of financial assets, amortization of intangible assets from acquisitions, and acquisition-related costs for a more meaningful assessment of current operating performance[27] - Lenovo's capital expenditures for the nine months ended December 31, 2022, amounted to $1.204 billion, primarily used for property, plant, and equipment, new construction projects, and intangible assets, reflecting increased investment in patents, technology, and software[31] - Total assets as of December 31, 2022, were $41.749 billion, with equity attributable to company shareholders at $5.325 billion and total liabilities at $35.945 billion[32] - Cash, cash equivalents, and bank deposits totaled $5.081 billion as of December 31, 2022, with 47.1% in USD, 23.1% in CNY, and 19.2% in other currencies[33] - Lenovo's liquidity ratio improved to 0.90 as of December 31, 2022, compared to 0.89 as of March 31, 2022[32] - Non-Hong Kong Financial Reporting Standards (HKFRS) adjustments for the nine months ended December 31, 2022, included $174.904 million in amortization of intangible assets from acquisitions and $139.030 million in acquisition-related costs[29] - For the three months ended December 31, 2022, Lenovo reported operating profit of $749.956 million, with non-HKFR adjustments including $53.345 million in amortization of intangible assets from acquisitions and $(74.130) million in acquisition-related costs[30] - Lenovo's cash management strategy as of December 31, 2022, allocated 74% of cash to bank deposits and 26% to investment-grade liquid money market funds[33] - The company's total credit facilities as of December 31, 2022, include trade credit facilities of $4.307 billion, short-term money market credit of $1.856 billion, and forward foreign exchange contracts of $11.152 billion[35] - The company's outstanding notes, convertible bonds, and convertible preferred shares as of December 31, 2022, include $487 million in 2023 notes, $220 million in 2024 convertible bonds, $40 million in convertible preferred shares, $1 billion in 2025 notes, $929 million in 2030 notes, $625 million in 2028 notes, $610 million in 2032 notes, and $675 million in 2029 convertible bonds[36] - The company's net cash position as of December 31, 2022, was $581 million, with total equity of $5.803 billion and a loan-to-equity ratio of 0.78[37] - The company's forward foreign exchange contracts for hedging purposes amounted to $11.094 billion as of December 31, 2022, down from $12.447 billion as of March 31, 2022[38] - The company's total credit facilities as of December 31, 2022, include trade credit facilities of $4.307 billion, short-term money market credit of $1.856 billion, and forward foreign exchange contracts of $11.152 billion[35] - The company's outstanding notes, convertible bonds, and convertible preferred shares as of December 31, 2022, include $487 million in 2023 notes, $220 million in 2024 convertible bonds, $40 million in convertible preferred shares, $1 billion in 2025 notes, $929 million in 2030 notes, $625 million in 2028 notes, $610 million in 2032 notes, and $675 million in 2029 convertible bonds[36] - Property, plant, and equipment increased to $1.926875 billion as of December 31, 2022, from $1.636629 billion as of March 31, 2022[42] - Intangible assets rose to $8.184558 billion as of December 31, 2022, from $8.066785 billion as of March 31, 2022[42] - Total assets decreased to $41.748642 billion as of December 31, 2022, from $44.510444 billion as of March 31, 2022[42] - Total equity increased to $5.803451 billion as of December 31, 2022, from $5.394701 billion as of March 31, 2022[43] - Non-current liabilities rose to $7.027958 billion as of December 31, 2022, from $6.357008 billion as of March 31, 2022[43] - Current liabilities decreased to $28.917233 billion as of December 31, 2022, from $32.758735 billion as of March 31, 2022[43] - Total liabilities decreased to $35.945191 billion as of December 31, 2022, from $39.115743 billion as of March 31, 2022[43] - Operating activities generated a net cash flow of $2,557,035 thousand, compared to $2,614,505 thousand in the same period last year[44] - Net cash used in investing activities was $1,601,026 thousand, an increase from $924,270 thousand in the previous year[44] - Net cash generated from financing activities was $315,351 thousand, compared to a net cash outflow of $1,007,247 thousand in the prior year[44] - Cash and cash equivalents increased by $1,271,360 thousand, up from $682,988 thousand in the same period last year[44] - The company paid $578,795 thousand in dividends, compared to $478,822 thousand in the previous year[44] - The company issued $1,250,000 thousand in notes, compared to no issuance in the prior year[44] - The company repaid $9,750,951 thousand in loans, compared to $7,998,980 thousand in the previous year[44] - The company acquired $403,216 thousand in subsidiaries, net of cash acquired, compared to $114,312 thousand in the prior year[44] - The company paid $365,814 thousand for intangible assets, compared to $260,720 thousand in the previous year[44] - The company received $148,765 thousand from the sale of financial assets at fair value through profit or loss, compared to $99,614 thousand in the prior year[44] - The company's net profit for the period was $1,494,115 thousand, with a total comprehensive income of $716,664 thousand[45] - The company acquired subsidiaries and associates for a total of $108,426 thousand ($64,503 thousand for subsidiaries and $13,902 thousand for associates)[45] - The company issued convertible bonds amounting to $138,243 thousand and repurchased convertible bonds worth $102,664 thousand[45] - Dividends paid to shareholders amounted to $578,795 thousand, and dividends paid to non-controlling interests were $29,385 thousand[45] - The company's equity attributable to shareholders at the end of the period was $4,661,444 thousand, compared to $3,803,207 thousand at the beginning of the period[45] - The company's financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and are consistent with the accounting policies of previous fiscal years[47] - The company's financial data is extracted from the consolidated financial statements and is prepared in accordance with the Hong Kong Stock Exchange Listing Rules Appendix 16[47] - Inventory as of December 31, 2022, was $7.502 billion, compared to $8.301 billion as of March 31, 2022[63] - Trade receivables and bills receivable as of December 31, 2022, were $9.288 billion, compared to $11.290 billion as of March 31, 2022[64] - Overdue trade receivables net of impairment allowance as of December 31, 2022, were $1.033 billion, compared to $784.9 million as of March 31, 2022[66] - Trade payables and bills payable as of December 31, 2022, were $10.837 billion, compared to $13.185 billion as of March 31, 2022[67] - Deposits, prepayments, and other receivables as of December 31, 2022, were $3.934 billion, compared to $5.014 billion as of March 31, 2022[69] - Other payables and accrued expenses as of December 31, 2022, were $14.215 billion, compared to $15.745 billion as of March 31, 2022[70] - Warranty provision at the end of December 31, 2022, was $976.122 million, with environmental restoration provision at $3.99 million, totaling $980.112 million[72] - Environmental restoration provision is reviewed at least annually to ensure it adequately covers the company's obligations[73] -

聯想集團有限公司 2022/23 中期報告 股份代號 992 Smarter technology for all Lenovo 166.0 Ø. 12 . (naces) i | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------| | | | | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 Lenovo Group Limited 聯想集團有限公司 (於香港註冊成立之有限公司) (股份代號：992) 二零二二 / 二三年財政年度第一季業績公佈 季度業績 聯想集團有限公司 (「本公司」) 董事會 (「董事會」) 在此宣佈，本公司及其附屬公司 (「本集 團」) 截至二零二二年六月三十日止三個月未經審核業績及去年同期的比較數字如下： 財務摘要 • 權益持有人應佔溢利同比增長 11% 至第一季度歷史新高；非香港財務報告準則下權益持有人應佔溢 利 (詳細解釋見第八至第九頁) 同比增長 35%，證明集團抵禦逆境的韌性 • 方案服務業務集團抓住數字化辦公場所、混合雲和環境、社會和管治的增長機會，溢利增長 25%， 市場滲透率上升 • 憑藉獨特的 ODM+ 業務模式、豐富的產品組合和強大的基礎設施升級週期，在全行業供應挑戰持續 的情況下，基礎設施方案業務集團的收入仍同比增長 14%，首次超過 20 億美元 ...

Financial Performance - Lenovo's revenue for the fiscal year 2022 reached $71.618 billion, a year-over-year increase of 18%[6] - Gross profit increased by 23% to $12.049 billion, with a gross margin of 16.8%, up 0.7 percentage points from the previous year[6] - Pre-tax profit surged by 56% to $2.768 billion, with a pre-tax profit margin of 3.9%, up 1.0 percentage points[6] - Net profit attributable to equity holders rose by 72% to $2.030 billion[6] - Earnings per share (basic) increased to 17.45 cents, up from 9.54 cents in the previous year[6] - Cash and cash equivalents grew by 29% to $4.023 billion, while total loans decreased by 14% to $3.421 billion[6] - Lenovo's revenue exceeded 450 billion RMB, approaching 460 billion RMB, with net profit growing faster year-over-year[12] - Lenovo achieved a record revenue of $71.6 billion, a year-on-year increase of 18%[22] - Net profit attributable to equity holders increased by 72% to $2 billion[22] - Net cash flow from operating activities reached a record $4.1 billion[23] - Lenovo reduced net debt by nearly $1.5 billion, achieving a net cash position[23] - Group revenue increased by 18% to a new milestone of $71.6 billion, driven by strong performance in cloud service IT infrastructure and SME IT infrastructure recovery[25] - Net profit surged by 72% to $2 billion, with net profit margin increasing by 89 basis points, nearly halfway to the three-year goal of doubling the margin[25] - Revenue for the fiscal year ending March 31, 2022, reached $71.62 billion, a significant increase from $60.74 billion in the previous year[78] - Gross profit for the year was $12.05 billion, with a gross margin of 16.8%, up from 16.1% in 2021[78] - Operating profit increased to $3.08 billion, compared to $2.18 billion in the previous year[78] - Net profit attributable to equity holders rose to $2.03 billion, up from $1.18 billion in 2021[78] - Basic earnings per share increased to 17.45 cents, compared to 9.54 cents in the previous year[78] - Total sales for the year reached approximately $71.618 billion, with net profit attributable to equity holders increasing by $852 million to $2.03 billion[79] - Gross margin rose by 0.7 percentage points to 16.8%, driven by higher average selling prices of personal computers[79] - The Infrastructure Solutions Group turned a profit of $6.703 million, compared to a loss of $130.227 million in the prior year[84] - The Solutions and Services Group reported a profit of $1.195 billion, up from $645.854 million in the previous year[84] - Net exchange losses increased to $157 million, up from $116 million in the prior year, due to currency fluctuations[79] - Financial expenses decreased by 11%, primarily due to lower borrowing rates and improved factoring efficiency[83] - The company recorded a net reversal of trade receivables impairment provisions of $11 million, compared to a net provision of $108 million in the previous year[79] - Total assets as of March 31, 2022, were $44.511 billion, with total liabilities of $39.116 billion[117] - Cash and cash equivalents totaled $4.023 billion as of March 31, 2022, with 37.2% in USD and 27.3% in RMB[117] - The company's current ratio improved to 0.89 as of March 31, 2022, compared to 0.85 in the previous year[117] - The company's net cash position improved to $602 million in 2022 from a net debt of $870 million in 2021, with total equity increasing to $5.395 billion from $3.611 billion[121] - The company's loan-to-equity ratio decreased to 0.63 in 2022 from 1.11 in 2021, indicating improved financial leverage[121] Business Segments and Strategy - The Intelligent Devices Business Group accounted for 83% of the company's revenue, maintaining the same percentage as the previous year[7] - Revenue from the China region accounted for 24% of total revenue, while the Americas contributed 31%[8] - Lenovo's three core business groups—IDG, ISG, and SSG—are advancing in parallel under the 3S strategy[12] - The SSG business group focuses on service-oriented transformation, offering end-to-end solutions and subscription-based services[13] - Lenovo is incubating emerging businesses such as edge computing, cloud services, and the metaverse[12] - Lenovo's "One Lenovo" sales platform and cross-business collaboration have driven effective strategy implementation[12] - Lenovo's "Everything as a Service" model integrates hardware, software, and services into a subscription-based offering[13] - The Infrastructure Solutions Group achieved profitability for the first time since the x86 business acquisition[23] - Infrastructure Solutions Group achieved record revenue of $7.1 billion, with double-digit growth in cloud service IT infrastructure and recovery in SME IT infrastructure[25] - Intelligent Devices Group set a record with $62.3 billion in sales, an 18% increase, driven by commercial recovery and strength in high-end segments like gaming[25] - Non-PC revenue within the Intelligent Devices Group grew by 26%, with significant market share gains in the smartphone segment, particularly in the US[27] - Infrastructure Solutions Group achieved a 13% revenue growth to $7.1 billion, driven by improved organizational structure and technical solutions[27] - Cloud service IT infrastructure business set a revenue record, while SME IT infrastructure business saw a strong recovery[27] - Gaming PC product revenue increased by 37% year-over-year, capturing market share in the gaming segment[27] - Infrastructure Solutions Group expanded its edge product portfolio, including the industry's richest GPU-dedicated edge designs, to capitalize on the growth potential in edge computing[27] - Solution Services Group revenue increased by 30% YoY to $5.4 billion, with operating profit up 40% YoY to $1.2 billion, achieving an operating margin of 22%[28] - Deferred revenue for the Solution Services Group grew by 30% YoY to a record $2.9 billion[28] - Support services revenue increased by 23% YoY, driven by higher service penetration and demand for IT services due to hybrid work models[28] - Managed services revenue surged by 63% YoY, with improved profitability[28] - Projects and solutions services revenue grew by 28% YoY, supported by enhanced solutions and partner tools[28] - In China, revenue grew by 29% YoY, with all three business groups achieving double-digit growth[28] - Americas sales increased by 24% YoY, driven by strong demand for commercial PCs and enhanced mobile business product portfolio[28] - Europe, Middle East, and Africa revenue rose by 15% YoY, with strong PC and smartphone sales[28] - Asia Pacific (excluding China) revenue declined by 1% YoY, primarily due to slower education market sales in Japan[28] - Lenovo's 3S strategy (Smart IoT, Smart Infrastructure, and Industry Intelligence) drives its mission as a leader and enabler of intelligent transformation[32] - Lenovo's Truscale ("as-a-service") model has successfully leveraged its intellectual property to build repeatable solutions[32] - The company restructured into three business groups: IDG, ISG, and SSG, to support its 3S strategy and service-oriented transformation[76] - Lenovo plans to double its R&D investment over the next three years, focusing on new IT architecture and core technologies[77] - The company launched the TruScale brand and emphasized its commitment to innovation, service-oriented transformation, and ESG as key pillars of its strategy[77] Research and Development - Lenovo's R&D investment is expected to double by the end of FY2023/24 compared to FY2020/21, with 12,000 R&D talents[13] - R&D expenses grew by 43% year-on-year to support technology and service upgrades[23] - R&D investment increased by 43% year-over-year, with plans to double the investment by the end of FY23/24 compared to FY20/21 levels[27] - Lenovo plans to double its R&D investment in innovation within 3 years[32] - The company increased its R&D investments to drive innovation and smart technology transformation, aiming for long-term value creation[128] Environmental, Social, and Governance (ESG) - Lenovo's asset recovery services ensure that less than 1% of retired devices end up in landfills, with a focus on data security and privacy[5] - Lenovo is committed to ESG (Environmental, Social, and Governance) initiatives, integrating sustainability into operations[13] - Lenovo maintained a global female employee ratio of 36%, leading the industry[14] - Lenovo was included in the Bloomberg Gender-Equality Index and recognized for leading levels in CDP water security and climate surveys[24] - Lenovo set a vision to achieve net-zero emissions by 2050 and is collaborating with the Science Based Targets initiative[14] - Lenovo was added to the Hang Seng Index in March 2022, reflecting its consistent performance and successful transformation[24] - Lenovo's ISO 14001:2015 certified Environmental Management System (EMS) focuses on climate change, energy efficiency, and sustainable materials[50] - Lenovo conducts annual Significant Environmental Aspects (SEA) assessments to identify and manage environmental risks and opportunities[50] - Lenovo's climate strategy is overseen by the Environmental, Social, and Governance (ESG) Oversight Committee, reporting annually to the board[51] - Lenovo uses the GeSI-CDP scenario analysis tool to assess climate-related risks and opportunities, aligning with TCFD guidelines[52] - Lenovo has set science-based emission reduction targets, validated by the Science Based Targets initiative (SBTi), aligned with the Paris Agreement's 1.5°C goal[52] - Lenovo's climate and energy policy focuses on internal operations, energy suppliers, supply chain, customers, and public advocacy for a low-carbon economy[52] - Lenovo monitors and reports progress on Scope 1, 2, and 3 emissions annually in its ESG report[52] - Lenovo's risk management includes climate-related risks as part of its Enterprise Risk Management (ERM) and SEA processes[52] - Lenovo has committed to achieving net-zero emissions by 2050 and has signed the SBTi commitment letter to set science-based targets, aligning with the 1.5°C climate goal[53] - Lenovo supports the development of climate science-aligned standards and participated in the testing of the SBTi Net-Zero Standard before its launch in October 2021[53] - Lenovo is working towards accurate and meaningful climate-related financial disclosures to comply with the TCFD framework by 2025[53] - Lenovo ensures environmental compliance through a global network of internal and external experts, third-party labs, and internal tools and processes[57] - Lenovo emphasizes ethical and legal business practices, with a strong focus on anti-bribery, anti-corruption, and fair competition policies[58][59] - Lenovo values intellectual property and uses patents, copyrights, trademarks, and other legal protections to safeguard its innovations[60] - Lenovo maintains a global privacy and data protection program, led by the legal department, to ensure compliance with privacy policies and regulations[63] - Lenovo's compliance culture is supported by a global network of regional and functional partners, ensuring adherence to applicable laws and regulations[54] - Lenovo's environmental compliance process involves regular updates to standards, specifications, and procedures, with input from regional and industry stakeholders[55] - Lenovo's trade compliance commitment includes adhering to customs, import controls, export controls, economic sanctions, and anti-boycott regulations[63] - Lenovo's Love on Global Service Month in September 2021 involved employees from 66 countries, with increased participation in volunteer activities despite the COVID-19 pandemic[69] - Lenovo Foundation's TransforME donation initiative contributed $1 million in FY 2021-22 to organizations providing adult training in data analytics, software development, and IT support[69] - Lenovo achieved a CDP Water A-list rating and Climate A- rating in 2021, recognizing its environmental disclosure and risk management[72] - Lenovo received the highest rating (AA+) in the IT industry and the best overall score in the 2021 Hang Seng Corporate Sustainability Index[72] - Lenovo was named among the 2022 Global 100 Most Sustainable Corporations for the third consecutive year, based on 23 key performance indicators[72] - Lenovo scored 100% in the 2021 Disability Equality Index (DEI) and was recognized as a "Best Place to Work for Disability Inclusion"[73] - Lenovo was included in the 2022 Bloomberg Gender-Equality Index, highlighting its commitment to gender equality in leadership and pay[73] - Lenovo received a perfect score of 100 and was named a "Best Place to Work for LGBTQ Equality" in the Human Rights Campaign Foundation's 2022 Corporate Equality Index for the fifth consecutive year[73] - Lenovo's ESG performance was recognized with a gold award from HKICPA and a top-rated ESG performer rating by Sustainalytics for the Asia/Pacific region[74] - The company is committed to achieving net-zero emissions and supporting global transitions to a low-carbon economy, with further details to be disclosed in its ESG report in August 2022[128] - The company has established an Environmental, Social, and Governance (ESG) Oversight Committee to promote a strong ESG culture[134] Risk Management and Compliance - Lenovo faces intense competition in the industry, requiring continuous innovation and differentiation to maintain market share[33] - Global macroeconomic and geopolitical conditions pose risks to Lenovo's financial performance[34] - Lenovo's strategy includes prioritizing and focusing on strategic goals to allocate resources effectively[33] - Lenovo's supply chain and product quality management are critical to maintaining brand reputation and customer loyalty[37] - The company faces risks related to economic, political, and regulatory uncertainties, as well as market volatility, which could impact potential acquisitions[38] - The company is investing in cybersecurity measures, including employee training, improved policies, and robust incident response plans to mitigate network attack risks[39] - The company has established a financial risk management program to address uncertainties in financial markets and reduce potential adverse impacts on financial performance[40] - The company closely monitors market developments and enhances collection capabilities to mitigate risks related to reduced cash flow and delayed receivables[40] - The company actively collaborates with brokers and credit insurance companies to maintain credit insurance coverage and manage uninsured losses[40] - The company is vigilant about international tax environment changes to ensure compliance and minimize risks related to tax rules and regulations[41] - The company takes legal measures to protect proprietary technology, apply for patents, and register trademarks and copyrights to mitigate intellectual property risks[42] - The company develops and implements intellectual property litigation defense strategies and collaborates with other technology/product companies to advocate for patent system reforms[42] - The company manages supply chain risks through cost and operational analysis, optimizing efficiency, and diversifying supplier sources to avoid single-source dependencies[43] - The company has invested in risk engineering projects to enhance the resilience of its own production sites, especially critical locations, and has implemented disaster recovery plans to minimize the impact of regional disasters[43] - The company is committed to ESG practices across its supply chain, ensuring suppliers comply with labor, environmental, health, safety, and ethical standards through contractual systems and RBA membership[44] - The company strengthened its supply chain due diligence in FY21/22 by integrating EcoVadis' IQ sustainability assessment tool into its supplier management practices, enabling risk identification and annual improvements[44] - The company faces intense competition for skilled and experienced talent and is focusing on employer branding, competitive compensation, and talent development programs to attract and retain top talent[45] - The company is implementing diversity and inclusion initiatives, such as hiring and promoting women, people of color, and individuals with disabilities, and conducting pay equity audits[45] - The company is optimizing operational efficiency and cross-departmental collaboration to support strategy execution and manage the transition to new products and technologies[46] - The company is closely monitoring demand and inventory levels to address supply and capacity gaps, and is preparing contingency plans to avoid business disruptions caused by the COVID-19 pandemic[47] - The company is exploring new business opportunities in online healthcare and education, leveraging its e-commerce platform and digital tools to engage customers and drive online sales[47] - Lenovo established a global COVID-19 prevention committee (LEPCC) to ensure employee safety and business continuity during the pandemic[48] - Lenovo implemented advanced security measures for remote work, including laptop protection and phishing training for employees and contractors[48] - The company has a continuous disclosure policy to monitor, report, and release insider information in a timely manner[186] - The company has arranged appropriate insurance for Board members to cover any liability arising from corporate activities, with coverage reviewed annually[187] - The company has established procedures and guidelines to handle actual or potential conflicts of interest among directors, including individual consideration of appointments and mandatory disclosure of interests[157] - Directors are required to commit sufficient time and focus to the company's affairs, with guidelines provided on the expected time commitment and disclosure of other directorships[158] - The number of directorships held by directors in other listed companies ranges from 0-2 for 6 directors, 3-5 for 2 directors, and 6-8 for 1 director[159] - The company has adopted a share ownership guideline for non-employee directors to align their interests with long-term shareholder interests[161] - Directors are required to comply with the Model Code for Securities Transactions, with all directors confirming compliance for the year ended March 31, 2022[162] - The company has a formal and transparent process for determining the remuneration of directors and senior management[176] - The Board of Directors is responsible for overseeing the overall strategy and ensuring the company's operations comply with relevant laws and regulations[177] - The company holds at least four Board meetings annually, approximately quarterly, to review financial performance, strategy, and operations[182] - Monthly updates on the company's latest financial performance are provided to the Board between regular meetings[185] - The company has enhanced the experience of using Lenovo's best laptop products for Board members by providing newer models to ensure compatibility and efficient use[187] - The Board focuses on financial and operational performance, including reports from the CEO and CFO, and updates on financial and operational matters[189] - The Board discusses major strategic issues related to business groups, regions, and structures, and reviews the process and monitoring of strategic and operational risks[190] - The Board reviews and discusses governance practices and sustainability matters, including environmental, social,

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 IOVE Lenovo Group Limited 聯想集團有限公司 (於香港註冊成立之有限公司) （股份代號：992） 二零二一/二二年財政年度第三季業績公佈 季度業績 聯想集團有限公司（「本公司」）董事會（「董事會」）在此宣佈，本公司及其附屬公司（「本集團」） 截至二零二一年十二月三十一日止三個月及九個月的未經審核業績及去年同期的比較數字如下： 財務摘要 • 22 財年第三財季，權益持有人應佔溢利同比增長 62%；各業務集團盈利能力提高，支撐集團達到創紀錄 的淨利潤 • 強大的驅動力包括「新 IT 」服務要求，雲計算和混合辦公的需求，以及加速的數字化轉型投資 • 集團 22 財年第三財季收入首次突破 200 億美元，在商用領域，高端消費領域實現雙位數增長；智能設備 業務集團同比收入增長 16%，並實現了創紀錄的經營溢利率 • 基礎設施方案業務集團經營溢利同比增長 2,800 萬美元；這得益於雲計算服 ...

聯想集團有限公司2020/21年報股份代號 992 GAGH t 4000 : i e n S @ r t a - Aca 세종ps 關於聯想 財務摘要 4 董事長兼首席執行官報告書 8 聯想管理團隊 12 管理層討論及分析 16 企業管治報告 64 審核委員會報告 119 薪酬委員會報告 126 董事會報告 138 獨立核數師報告 168 綜合損益表 174 綜合全面收益表 175 綜合資產負債表 176 綜合現金流量表 178 綜合權益變動表 180 財務報表附註 182 五年財務摘要 279 公司資料 280 2020/21年報 聯想集團有限公司 1 聯想（HKSE: 992）（ADR: LNVGY）是一家年收入600億美元的《財富》世界 500強公司，服務遍佈全球180個市場的客戶。為實現「智能，為每一個可能」 的公司願景，我們通過開發改變世界的技術，提供創新智能設備與基礎設施， 打造智能化解決方案、服務與軟件，賦能全球億萬消費者，攜手成就一個更加 包容、值得信賴和可持續發展的數字化未來。歡迎訪問聯想官方網站https:// www.lenovo.com，並關注「聯想集團」微博及微信公眾號等社交媒體官 ...

Financial Performance - Lenovo reported a revenue of $50,716 million for the fiscal year 2019/20, a decrease of 1% compared to $51,038 million in 2018/19[7]. - Gross profit increased by 13% to $8,357 million, with a gross margin of 16.5%, up from 14.0%[7]. - Operating expenses rose by 12% to $6,918 million, resulting in an operating expense ratio of 13.6%, an increase of 1.5 percentage points[7]. - The company achieved a profit attributable to equity holders of $665 million, a 12% increase from $597 million in the previous year[7]. - For the fiscal year ending March 31, 2020, Lenovo achieved a record pre-tax profit of $1.018 billion, reflecting a 19% year-over-year growth[34]. - Total revenue slightly decreased by 0.6% year-over-year to $50.716 billion, but increased by 2.0% when adjusted for fixed exchange rates[34]. - Operating cash flow improved to $2.2 billion from $1.5 billion the previous year, attributed to stronger profits and better working capital management[34]. - The net debt decreased by 25% year-over-year to $1.2 billion, indicating a strengthened balance sheet[34]. - The personal computer and smart devices business recorded a pre-tax profit margin increase of 2.1 percentage points to 16.5%[34]. - Software and services revenue grew by 43% year-over-year, contributing nearly 7% to total revenue, marking the highest profit margin segment[37]. Business Segments and Market Position - Lenovo's PC and smart device business maintained a record market share of 24.5%[18]. - The Smart Devices Business Group achieved a record revenue of $45.216 billion, with a year-on-year growth of 0.5% and a significant increase in pre-tax profit by 25% to $2.302 billion[39]. - The Personal Computer and Smart Devices segment captured a global market share of 24.5%, growing by 1.2 percentage points year-on-year, and recorded a revenue of $39.859 billion, representing a 3.6% increase[39]. - The Mobile Business Group's revenue declined by 19.2% to $5.218 billion, with 58% of the decline attributed to supply shortages in Q4[44]. - The data center business saw double-digit growth in server sales and software-defined infrastructure, despite a slowdown in global demand[19]. Strategic Initiatives and Innovations - Lenovo launched the world's first foldable laptop, the ThinkPad X1 Fold, and the first 5G PC in January 2020[18]. - The company established three new business units to focus on data intelligence, cloud-network integration, and commercial IoT, supporting its smart transformation strategy[20]. - The company aims to deepen its transformation towards a service and solution-oriented strategy for sustainable long-term business development[22]. - Lenovo's strategy includes providing comprehensive solutions that encompass IoT devices, infrastructure, and intelligent applications to meet evolving customer needs[22]. - The company is committed to innovation and creating a rich product portfolio to differentiate itself and gain market share in a highly competitive environment[48]. Financial Position and Cash Management - Cash and cash equivalents increased by 32% to $3,617 million, while total debt rose by 11% to $4,860 million[8]. - Lenovo's net debt decreased by 25% to $1,243 million, improving its financial position[8]. - The company adopted a conservative cash management strategy, with 14.4% of cash invested in investment-grade money market funds[112]. - The company has arranged credit lines to meet seasonal cash flow needs, ensuring liquidity for ongoing operations[112]. Corporate Social Responsibility and Community Engagement - Lenovo provided nearly $15 million in donations globally to support COVID-19 relief efforts, including IT and medical supplies[23]. - The company emphasizes the importance of global cooperation in responding to crises, as highlighted by the COVID-19 pandemic[24]. - Lenovo's commitment to corporate social responsibility includes creating a diverse and inclusive workplace while driving sustainable development[24]. - Lenovo actively engages with stakeholders through surveys, direct customer interactions, employee surveys, and community service activities[76]. Governance and Management - The board of directors consists of 11 members, including 1 executive director, 2 non-executive directors, and 8 independent non-executive directors, ensuring a balanced skill set to lead the company effectively[128]. - The company has maintained compliance with the corporate governance code as per the Hong Kong Stock Exchange, adhering to best practices in governance throughout the fiscal year ending March 31, 2020[125]. - The independent non-executive directors play a crucial role in leading the board to formulate strategies and ensure effective communication with stakeholders[128]. - The company has established formal and transparent procedures for determining the compensation of directors and senior management, detailed in the remuneration committee report[162]. Environmental and Sustainability Efforts - The company conducts annual assessments of significant environmental factors and identifies climate change-related risks that may impact operations[75]. - The company aims to improve its environmental management system (EMS) to address major environmental challenges and ensure compliance with regulations[70]. - The EMS includes monitoring progress on previously identified significant concerns and quickly identifying emerging issues[70]. - The company has set environmental goals and metrics based on key performance indicators, with progress monitored annually[75]. Challenges and Risks - The company faces risks related to the global economic downturn and geopolitical conditions, which may impact its financial performance[51]. - The COVID-19 pandemic has disrupted supply chains, production, and logistics, impacting various business operations[65]. - The company is actively monitoring changes in demand and inventory levels to address supply and capacity gaps caused by the pandemic[65]. - The company is aware of the potential impact of changing tax laws and regulations on its taxable assets and liabilities[57].